Dec 20, 2012 4:00pm PST
. that is how long u.s. lawmakers have to reach a deal or go over the fiscal cliff. for weeks, the combination of tax increases and spending cuts has been the ultimate political football in washington. there is little sign of any holiday good cheer. >> in washington, the fiscal cliff a stalemate remains. >> the latest on the fiscal cliff. >> the ugly phrase that is on everyone's lips, fiscal cliff, is what america could tumble off and 11 days. it means that if the president and congress cannot agree on a plan to sort out finances, there will be automatic savage cuts and brittle tax rises. neither side is budging much. >> it is very hard for them to say yes to me. at some point, they have got to take me out of it and think about their voters. >> four weeks, the white house said that if i move on rates, they would make substantial concessions on spending cuts and entitlement reform. i did my part. they have done nothing. >> it would mean automatic spending cuts worth more than a trillion dollars. taxes for the average household would go up by about three and a half thousand dollars. most economi
Dec 7, 2012 4:00pm PST
has warned u.s. lawmakers, they have a duty to solve. we sat down with her here in washington. >> christine lagarde, the fiscal cliff, how concerned are they about the ramifications? >> people around the world are concerned about it. it appears to be the case there was more concerned about the eurozone than the fiscal cliff. now things have changed and there is more concerned about the fiscal cliff. they asked about a resolution. >> what could the impact speed? we are looking at a time when the global recovery is fragile at best. >> of u.s. is 20% of the global economy. if the u.s. suffers as a result of a fiscal cliff, a complete wiping out of its growth is going to have repercussions around the world. probably half of that. if the u.s. economy has less growth, it will probably be 1% less in mexico, canada, probably less so in europe and japan. but there will be a ripple effects. >> are you worried about it? >> yes. of course i worry about it. the u.s. is a big chunk of the global economy. it has often been a driver of growth. and to have that player virtually flat, if not in
Dec 27, 2012 4:00pm PST
to burst in shanghai. our top story, the leader of the democratic majority in the u.s. senate says politicians are running out of time to avoid the budget crisis known as the fiscal cliff. every reed said democrats and republicans had to stop squabbling to have any chance at which an agreement by december 31st and higher taxes and spending cuts will automatically take effect. president obama has cut short his holiday to revive the talks. >> if we go over this cliff, the house of representative with four days left are not here with the speaker having told him that he will have 458 hours' notice. i cannot imagine their conscience out there wherever they are around the country and we are trying to get something done. >> why is the american economy teetering on the edge of the cliffs? these are some of the things that president obama is trying to prevent with the return to the lighthouse. an employment has fallen to a four year low and currently stands at 7.7%. no deal could mean 2.1 million jobs disappearing parent to it would equate to a contraction of 1.5% in the value of all goods
Dec 13, 2012 4:00pm PST
, which means it is a proxy battle field in their cold war. the u.s. faces a fleet here. all of that puts the bahrainis deeply inside the middle east pressure cooker. >> there are other forces and other people doing things that have deepened what has happened. there are national forces. >> you are saying iran? >> it can be iran. it can be others. and dissemination of sectarianism and hatred. we are doing our best to stop this. >> and bahrain is a barometer for the gulf. if the crisis cannot be solved by the country's politicians, bahrain will export trouble to the region, sharpening sectarianism and, a dangerous competition between the saudis and iran. >> killed a lot that is unresolved. the british government is to pay more than $3 million to in libyan dissident who claims the intelligence agency mi was involved in forcibly sending him back to libya, where he was tortured by the gadhafi's regime. britain said the payment is not when a mission of liability. the security situation in libya has changed since the shock assassination in september of the u.s. ambassadors and others. u.n. ambas
Dec 18, 2012 4:00pm PST
the market out of respect. but more important, it is part of a chain of around 200 jobs throughout the u.s. they all stopped selling the modern sporting rifles, as they're called. changes the law might be more difficult. >> there is no chance of a ban on handguns. the supreme court has ruled plans to outlaw them in chicago and washington d.c. are unconstitutional. the most likely move would be to ban military-style assault rifles, magazines holding numerous bullet. the president has backed such a bill. >> while he supports strongly an assault weapons ban and other measures, he wants to expand the conversation beyond those specific areas of legislation. >> i'm joe manchin -- >> the group of the gun hand -- of the gun ban will be loosened a little. even west virginia senator joe manchin, whose campaign had focused on gun rights, has changed his mind. he is not alone kerpen >> when my daughters ask me on friday night, dad, you are in the senate, why can't we put reasonable restrictions on assault weapons or rapid-fire ammunition clips, i did not have a good answer for them. enough is enough.
Dec 21, 2012 4:00pm PST
u.s. school would help prevent similar tragedies in the future. the bbc's north america editor reports. >> the church bells tolled out the exact time when a week ago a young man with an assault rifle began his massacre of children. they stood in prayer and in silence in the rain. in a town still numb, the bells tolled 26 times, one for each of the victims of the school. inside the white house, president obama and his staff since silent for a minute. beyond the grave, resolution. in a new video, he has promised he will push for a ban on assault rifles. >> i will do everything in my power as president to advance these efforts. if there's even one thing we can do as a country to protect our children, we have a responsibility to try. >> shame on the nra. >> there are those who blame the national rifle association for consistently, powerful lobbying against gun control. they have been consistently silent until now, and some expected they would seek compromise. none of it. instead, raw fury, blaming video games, the culture. >> we have blood-of films out there like "american psycho,"
Dec 28, 2012 4:00pm PST
. they have been doing well worldwide, particularly in the u.k. and the u.s. from the york, we have this report. >> a trend, old people in the movies. next month, a movie set at a retirement home story musicians and several british actors. tommy lee jones succeeded this year in "i hope springs" been called a midlife romantic comedy. and then there was the marigold hotel, the story of a british retiree at a hotel in india that has been very profitable, costing $10 million to make, taking in $140 million around the world. the film cast is unusual because of many of its older characters. >> they are taking charge. >> the new wave of films is being welcomed. and everything is geared towards the youth, and to see people my age makes me feel good on film, like we are not forgotten. >> liam neeson is flourishing as an action star at the age of 60, maintaining that older people have been underserved by hollywood. >> they're making movies for 15- year-old up to 25-year-olds. >> studios maintain that older people figure into their calculations. >> older audiences are avid moviegoers, they gre
Dec 6, 2012 4:00pm PST
in syria are accelerating. she also joined the u.s. defense secretary in expressing concern that damascus is considering using chemical weapons against the rebels. >> i think there is no question that we remain very concerned, very concerned. as the opposition advances, in particular on damascus, the regime might very well consider the use of chemical weapons. >> secretary panetta went on to say that the white house made it clear there will be consequences should the assad regime make the mistake of using those weapons on its own people. for more on the perspective from damascus, i spoke a short time ago to the bbc's jeremy bolon -- jeremy bowen. >> the issue has been pretty firm on the use of chemical weapons. any news from damascus? >> i think the regime here can feel the pressure. it has been under huge pressure in the last couple of weeks, increasing pressure. of the most pressure has faced from the west, certainly, in the almost two years this has been going on. i spoke before panetta made his remarks to the information minister and he repeated one of their official positions, which